The digital currency world is witnessing a rise in the popularity of stablecoins, yet Ripple's CTO David Schwartz believes this does not threaten XRP but rather enhances its usefulness.
Stablecoins as a Growth Factor for XRP
David Schwartz expresses the view that stablecoins create a demand for convenient transactions among different digital assets. "You still need liquidity," he noted.
Stability Issues of Stablecoins
According to Schwartz, dollar-pegged stablecoins may not provide real stability, especially in other countries where currency exchange rates are volatile. "It all depends on the specific jurisdiction," he added.
XRP as a Neutral Transaction Tool
Schwartz sees XRP as a solution to simplify international settlements. "You need something neutral, jurisdiction-less," he claims, emphasizing that XRP can help integrate various stablecoins into an efficient system.
Thus, according to David Schwartz, XRP could play a crucial role in a world filled with stablecoins, ensuring reliable and swift transactions.
